Jakarta, fiskusnews.com: on Saturday, February 22, 2025 from 10:30 Wib to 12:00 Wib is the schedule of the take video Podcast Cipta Kreasi TV event held at the Balboa Estate Studio. Jl. Turmeric No C-08. Pondok Cabe Udik. South Tangerang Banten guided by Dr. Tb. Boy B. Ariffin, SH., MH., MSc. accompanied by Brigadier General TNI (Ret) Dr. dr. Andreas A. Lensoen, Sp. BTKV(K). VE. SH., MH. online.

The event started at 10: 30 pm, beginning with an introduction to the speakers, namely Dr. Dr(c). Joko Ismuhadi Soewarsono, SE., MM. who is an academician of the main member of the Association of Tax Center and tax academics throughout Indonesia (Pertapsi), Perserikatan Ahli Hukum Indonesia (Perkahi), an experienced tax Examiner practitioner with an educational background in financial Diploma program specializing in taxation from the State College of accounting (STAN) with the last education as a doctoral candidate in tax accounting from Padjadjaran University and a doctorate in tax law from Borobudur University.

In his presentation, Joko said that Underground Economy Activity has been discussed several times or even often by the public through the mass media. But the perception is different. Joko explained that this Underground Economy Activity is a Program of Mr. Prabowo Subianto’s Cabinet which mandates the tax authorities to be able to manage this Underground Economy Activity taxation.

Joko explained that the Underground Economy Activity, in accordance with the source of international journal literature is divided into 2 (two) large groups, namely: one, an economic activity that is from the beginning has not been accepted by the legal norms of our society, such as gambling which is now rife with the help of online internet facilities so that it is free to enter the private sphere, to our children’s rooms without us being able to prevent it. We who like to play football online games for example, our children who like to play car racing online games for example. Unknowingly we are led to enter the world of gambling using paid online platforms.

And the second is that economic activity, which was originally legal in nature, as a result of evading or even embezzling taxes, turned into illegal.

Joko explained his findings from the Doctoral Program in Accounting, Padjadjaran University which is required to create an international journal sqopus qualification, once made a journal by rearranging the Basic Accounting Equation (BAE) of the father of Modern accounting – double entry bookkepping – in the book “Summa de arithmetica, geometria, proportioni et proportionalita” with the basic formula of sources and use of funds that apply worldwide with the formulation: Assets = Liabilities + Equity. By using the logical approach of mathematics has been rearranged into a mathematical Accounting Equation (MAE) by a lecturer from the University of Gadjah Mada. Dr. Sony Warsono, Ak., MAFIS, namely with the formulation: Assets = Liabilities + Equity + Revenue-Expenses-Draws (modified by Joko Ismuhadi), which furthermore because Accounting Science does not recognize negative notation, which is only (deficit), the formulation is rearranged into an Expanded Accounting Equation (EAE) with the formula: Assets + Draws + Expenses = Liabilities + Equity + Revenues.

Based on Joko’s anxiety in practice taxpayers who continue to lose money but not bangjrut, so it does not have a significant contribution in paying taxes and even asked for Value Added Tax refunds are proud of the payment of Income Tax Article 21 which is actually not the payment of corporate taxpayers in question that encourages Joko back kevkampus to study accounting, where the taxpayer tested has no significance in contributing to pay corporate income tax, thus Retained Earning (RE) which is a component of Equity account is 0 (zero), thus also resulting in no Dividend distribution which is a component of Draws (D) account is also 0 (zero). So Joko found a Novelty (novelty) called the Tax Accounting Equation (TAE) with the following formulation: Revenues – Expenses = Assets – Liabilities, which explains explicitly the relationship between Profit/Loss With the balance sheet or net worth (Networth) of a company, and the above formulation can also be mathematically formulated into: Revenues = Expenses + Assets – Liabilities, which reaffirms the relationship Revenues = (negative) Liabilities.

Based on the Novelty Tax Accounting Equation (TAE): Revenues = Expenses + Assets – Liabilities, Joko also found a Novelty in the field of tax law by submitting to the authorities that the provisions of Article 4 paragraph (1) of the UUPPh contained a legal loophole that could be exploited by taxpayers to avoid and/or embezzle taxes.

The current formulation of Article 4 paragraph (1) of UUPPh is as follows “the object of taxation is income, which is any additional economic ability received (cash basis) or obtained (accrual basis) taxpayers, both from Indonesia and from outside Indonesia (worldwide income concept), which can be used for consumption (expenses) or to increase the wealth (assets) of the taxpayer concerned, with the name and in any form (substance overform doctrine)”, which can be formulated using the mathematical approach of accounting into: Revenue = Expenses + Assets.

Meanwhile, Joko’s Novelty on Tax Accounting Equation (TAE) with the formulation: Revenues = Expenses + Assets-Liabilities, so that the formulation of the provisions of Article 4 paragraph (1) of UUPPh is proposed to be as follows “the object of taxation is income, that is, any additional economic ability received (cash basis) or obtained (accrual basis) of taxpayers, both from Indonesia and from outside Indonesia (worldwide income concept), which can be used for consumption (expenses) or to increase wealth (assets) or to reduce the debts (liabilities) of the taxpayer concerned, in name and in any form (substance overform doctrine)”.

So Dr. Dr (c) Joko Ismuhadi Soewarsono, S.E.Ak., M.M. find 2 (Two) at once Novelty (novelty), namely: In The Field Of Accounting Science: Tax Accounting Equation (TAE): Revenues – Expenses = Assets-Liabilities or Revenues = Expenses + Assets – Liabilities, And In The Field Of Legal Science: Propose a revision of the formulation of Article 4 paragraph (1) of the Income Tax Law adapted to the novelty in the field of Accounting Science (TAE) found novelty (novelty) tax law by adding the phrase “or to reduce debt (liabilities)”.

It didn’t feel like time was rolling so fast on the Podcast: Cipta Kreasi TV with the closing statement of the speaker so that the tax authorities would immediately strengthen tax regulations to explore the potential for Underground Economy Activity.

Reporter: Marshanda Gita-Pertapsi Muda